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Business, 07.04.2020 23:47 bandchick527

In the country of Orcam, the velocity of money is constant. Real GDP grows by 6 percent per year, the money stock grows by 15 percent per year, and the nominal interest rate is 13 percent. Calculate the growth rate of nominal GDP.

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In the country of Orcam, the velocity of money is constant. Real GDP grows by 6 percent per year, th...
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